Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting specific enzymes or receptors. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also utilized in the production of advanced materials, such as organic semiconductors and liquid crystals, due to its ability to modify molecular structures. Additionally, it finds application in agrochemical research for creating novel pesticides and herbicides with improved efficacy and selectivity. Its boronic acid group makes it valuable in sensor development for detecting sugars and other biomolecules.